Indianapolis Times, Indianapolis, Marion County, 12 March 1937 — Page 45

“®

a a I Ea ee = SAE ™- ATK EN APRN ib nn omnes ORIEL, am A a Sd

Food Index Advances The Dun & Bradstreet weekly food index advanced

Abreast of The Times on Finance ’ ’ 3 cents to ik for the ay ended ay 3, thus

equalling the®seven-year peak recorded on January, a gain for the year of 41 cents.

York zs |HOGPRICESGAIN | A7seo Vor’ Bonds | FARM OUTLOOK ok istocy i oy NSH PRICES

11:00 Prev. 15 10 25 CENTS High A.M. Close DAILY BOND INDEX (1926 Average Equals 100) 20 20 20 314s s. Rails Util. 3s 194 - AT STOCKYARDS . 3 Xa, x09.2 x104.0 x99.1|3¢ i AT YEAR TOP 1; . 343 \ 383 |Weather Conditions ‘Very

. Low | Rov? Morris: aise Site aia alu 2%s 1949 Favorable,” Soil Moist, Bureau Reports.

*

PAGE 42 FRIDAY, MARCH 12, 1937

PLAN TEST FOR STATE SERVICE MERIT STATUS

‘Applicants Must Gain Rating

Only Congress Can Adjust Prices,

Flynn Says. le By JOHN T. FLYNN

EW YORK, March 12.—In the search for the economic factors behind the President's court proposal, we must look at the controversy between the President and the Court on the NRA. Here two principles were involved. One was the power of Congress to delegate to the President and private bodies its power to make laws. The other was the inter-

New

(By Thomson & McKinnon) 11:00

High. Amusements—

Loews Inc ...... 78%

Textiles— 3, » Rado Garp "1003 13 Amer Woalen_... 123 a

54 1 5 ; | Celanese Corp... RKO Cent Fox.. 98 : . : . | Collins Aikman.. 3 § Warner Bros.... 15% 15 | Gotham Hose ... 11} y Ago T & T 3Yss '66

Ind SOR . Samal hh fgn Aviation— h Rayeer unas os Increase in Shipping Orders, 1081 Low ol Aviation Corp.... 8! > 4 th 1937, by Standard Statistics) A Better Demand Boost Gt North 4s '46 series G Y Cent 6s '44

Utilities— Copyright Boeing Alrcrait.. Am & For Pwr.. 12% iin (FP. S. Moseley & Co.) N 130 3 FRY Montana Power 33s ’'66 .... All Classes. U. S. GOVERNMENT BONDS _ | Rep Steel 43s '50° R45

Curtiss Wri (A) Am Tw LS Lit.. 133 B Close

Federal Farm Mortgage Corp.

Close

&T

| carn 82}

(

DOMESTIC Today's Bond Leaders—

2 22% Douglas alr. . 66 Am Wat Wks . 2415

On List for Positions, stat e . i Director Says. Nor ‘Am Av. 14% am Wat Whe ice 37

Com & Sou : oo Close

Treasurys

By FRED O. BAILEY United Press Staff Correspondent

WASHINGTON, March 12.—Highe est farm prices since 1929 presage a

prosperous 1937 for farmers, the Dee partment of Agriculture reported to= day. Supplies are short and the de« mand looks good, officials said. Weather conditions over most of the farm belt are “very favorable,” a Weather Bureau survey said. Spring planting is making good progress in the South and farmers in Northern slates are putting their land into shape. There is plenty of moisture in the soil nearly everywhere east of the Central Great Plains, the

Better demand, through increased | 41,5 1947.52 shipping orders, boosted hog prices 3%, 1338-24

33s 1 338s 3s 1 Las iis 1 3

'52 Atl Coast Line dhs ‘64. Atch Eo Bk >

mY Buff Roch & Pitt dls Beth Steel 44s '60 . Chi Milw & St P 5s Chi Mil & St P 5s 2000...... . Cleve Un Term 53 '73 ..cvuee. Cleve Un Term 15s 1 . Col Gas 5s May '52 Col Gas 5s april '52 Col Gas 5s Can Pac Bin he .e Cent Pac 5s '60 ... Big Four 42s '7 Big Four 5s '63 . lorado & So 4158 "80

Prev. Close Advance Aium .“ 12%

Allied Products 21: 21 Asbestos Manufacturing ...... 3'2 3%

status before appointments are made to care for the expansion planned

Associate Investors Athey Truss Wheel

14

54': 14%

pounds, $10.35 to $10.45; 210 to 225 | pounds, $10.30 to $10.40; 225 to 235 |

Local Securities

CHi & West Ind ds’ 52

survey said. Prices of most farm products are

Bastian Blessing 21 21, | Butler Brothers 17% 1634 | Central Illinois Publ Service.. 77%: 783% | Chicago Corp 63% Chicago Yellow Cab * | Cities Service 1 | Commonwealth Edison Consolidated Piscuit ... Cord Corp , | Crane Co Electric Household 67 | Field, Marshal 53'2 54% » | General Household ‘e | Great akes redge. 15012 uo Jarvis A B Katz Dru Libby Me Neil and Libby McCord Radiator . McGraw Electric .......... Mid-West Corp Noblitt Sparks | Northwest Band Corp Northwest Engineering St Louis Stockyards. ... Signode Steel Standard Dredge pfd Sundstrand Machine Swift international Utah Radio Prod.. Walgreen Joodan Industries Zenith

New York Curb

(By Atkins, Hamill & Gates) 11:00

early next year. “Prof. Ford P. Hall, Department of Government, Indiana University, has been named by the national | agency as its special representative to conduct the examinations,” Mr. Carpenter stated. Booklet Available “The final date on which he can Ruiiman Tne” caer | receive applications for admission to | Jest Ai

; i ) ; : {BY Indianapolis Bond & Share Corp above parity for the first time since

the World Weir. Parity is reached when the products farmers have to sell will purchase as much of what they have to buy as thev did in the five-year period 1909-1914, Cotton Still Lags ' Cotton is the only major coms modity with a purchasing power now below parity. Parity for cotton is 16.4 cents a pound, compared with current prices of around 12.5 cents, Prices on most farm products are 50 to 75 per cent higher than in the 1909-1914 period. The price of man« ufactured products which farmers buy are 29 per cent higher than in the same period, officials said. Corn is selling at around $1.10 a bushel, compared with a parity of 85.4 cents, an Agriculture Department survey said. Oats are 54 cents a bushel, compared with a parity of 53.1 cents.

NET EARNINGS OVER 14 MILLION SHOWN

Times Special NEW YORK, March 12.—Net earnings of $14,240,957 were report= ed in a statement of General Foods Corp. for the year 1236, equal to $2.71 a share on the 5,251,440 shares of common stock outstanding. This figure is compared with $11,« 730,768, net earnings for 1935 as reported by the corporation.

| Walgreen "eh Un Drug (new). Equipments— Am Brake Shoe.. Am Car & Fdy... Amer Loco Am Steel Fdy....

| pounds, $10.25 to $10.35 and 235 to The following quotations do not repre250 pounders were $10.20 to $10.30. sent actual bids or offerings, but merely

Weights of 250 to 260 pounds sold | {indicate the approximate market level for $10.15 to $10.25; 260 to 275 pound- | 2% on buyioe sna selling inquiries or ers brought $10.10 to $10.20; 275 to RONDS 285 pounds, $10.05 to $10.15; 285 to : | 300 pounds, $10 to $10.10; 300 to 325 | Citz Ind Tel (TH) 4s '61.... 304% pounds, $9.95 to $10.05; 325 to 350 |H Tel & Tel Ft W 6s a3 Ise tau Ind Assoc Tel 4158 "65..00000s, 104 106 pounds, $9.90 to $10 and weights of | 1; 4iana Tel Co 55 *60......... 98 100 350 to 400 pounds were $9.85 tO |indpls Railway Inc 5s '67..... 70 $9.95. Indpls Water Co 3'2s '66 101 Interstate Tel & Tel 5's ’63.. 101%, Kokomo Water Works 5s '58.. Morris 5 & 10 Stores bs '50...100 Muncie Water Works 5s ‘65... Noblesville H L 3% P 1 Ohio Tel Serv Richmond W ws Seymour Water &o 5s { Trac & L 5s T H Water Works 5s $56. T H Water Works 6s '49. Trac Term Co 5s '57.. STOCKS Belt Railroad & St Yds com... Belt Railroad & St Yds bie. . Cent Ind Pwr pfd Ts Home Tel & Tel ¥t Wayne.. Hook Drug Inc . xInd & Mich Elec Co Pld 7s ..106 xInd Gen Ser, 2 6s Ind Gas Co Ind Hydro OEeac 7s Indpls Pwr & nt °co ‘pd Gs.. Indpls Pwr & Lit Co pfd 6%s.. 99 sseesl Fd Dis Water Co A, 5s ol Sheil Union Oil 3} ee 351 en "y n erv n 28 ocony Vac 3s sesnsese. 10 N Ind Pub Serv Co pfd 6s ... . 2 | Sou Pac 4's reser bien. 9512 N Ind Pub Serv pfd Ts 9 101 Sou Pac 4Yas Progress Laundry Co. Sou Pac 4s '49 Pub Serv Co of Ind 6s Sou Rail 4s ’'56 Pub Serv Co of Ind Ts Sou Rail 6s '56 Terre Haute Elec Co 6s Sou RAIL 6758 86 ooo i att Union Title Co com a xEx-Dividend Texas Pac 5s '80 : Texas Pac 5s i

-_ Texas Pac 5s

Money and Exchange Third Ave od 5S ‘60 .... vig

Union Pac 4s '47 United Drug 5s ’ INDIANAPOLIS STATEMENT Clearings $3,808,000 Debi ,542,000

Grt Northern ‘G' 4s '46 Grt Northern ‘H' 4s Grt Northern 4'ss "77 105; Gen Stl Cast WW 5'%s '49 .... 94's Hud & Manhat Ref 5s '57 ' Ill Cent 434s '66 or Ill Cent Jt 4's '63 . Ill Cent 5s '63 . 90% Interboro Rapid Trans 5s '66.. Interntl Hy Elec 6s '44 8 Interntl Tel & Tel 4's 39 Interntl Tel & Tel 5s '55 . Interntl Tel & Tel 4.8 '52 .... Lehigh Valley 4s 2003 McKees & Rob 5Ys '50 Mo Kan Tex Adj 5s '67 Natl Dairy 33s ‘61 Natl Steel 4s '65 Nickel Plate 4 as Nickel Plate 5% NY Sentral 5S. 5013 101 N Y Cent 4's 30g fold) seenes { 6s 130

Bid. Ask.

10314

Cattle Fully Steady

In the lighter divisions, 155 to 160 pounders brought $10; weights of 150 to 155 pounds, $9.75; 140 to 150 pounds, $9.50; 130 to 140 pounds, $9.25; 120 to 130 pounds, $9; 110 to 120 pounds, $8.75 and the 100 to 110pound class was $8.50. All killing classes in the cattle market were fairly active and fully steady. Odd head of steers ranged from $8.50 to $11.50. Most heifers were $7.50 to $8.50. Common to medium beef cows were $6.25 to $6.25, the cutter grades, $4 to $5. Top price for weighty sausage bulls was $6.75. Receipts were 400 cattle and 500 calves. Vealers were 50 cents lower and the good and choice kinds ranged from $10 to $10.50. Sheep and lambs were steady on a run of 1500. Good and choice native and fed Western lambs brought $12 to $12.50. The bulk of the good and choice ewes ranged from $5.25 to $6.25, top $6.50.

Cont Bak Corn Prod 685s Cuban Am sugar 10% Gen Baking .... 16'2 Gen Foods Hecker Prod Natl Biscuit Natl Prod ... 2

s Portland Gen El is "60 Para Publix 6s '65 Penn P & L 4%s '81.... "eo Postal Tel & Cab 5s '53... Rem Rand_4V '56

Prev. Close

Aluminum Co of America .... 162% American Airline 28:2 American Cynamid ‘B’ / 343% Am Gas and Electric 3 377s

Arkansas Natural Gas ‘A’ Barium Steel Carrier Corp Columbia Oil Consolidated Copper Eagle Picher Lead Electric Bond and Share . General as d Di . Greenfie Tap ‘an ie . . Cal & Hecla Guif Oil, Penn a Cerro De Pasco. &3'2 Humble Oil and Refining Co .. Dome Mines .... 47 International Vitamin ....... Gt Nor Ore .... 27% 27) json Sl Risk Homestake Min 402 No ona ub er . Howe Sound ... ijagara Hudson Power Ins Copper Root Petroleum Int Nickel Rustless Iron and Steel Kennecott Cop.. Segal Lock . Standard Oil of Ohio

Mcintyre Mine.. Park Utah Sere Spiers

‘BUSINESS FAILURES | EPs bouge Tio Rooting

U S Smelters Twin Coach Vanadium

Un Biscuit United Fruit ... 83 Household— Col Pal Peet.. 7221 Congoleum . 453g Proc & Gamble. 60 Servel Inc ..... 324 Simmons Bed. . . 53% Mining— Am Metals Am Smelt

Constitution. erry ol: Hn c & 8 ne time : i ft 331 onso s Wri to most | Persons hoping to enter the Indi- Fe Auta &W 20 . 20 191; Elec Fo & Lit. is impo rt an t lana State Employment Service| Building— G & E “A”. 23 it i n in ] : : ir cod Te Parker a “hu ‘i " iw Bore, Amer iu 3 2 [today at the Indianapolis Union y olian rnmac y Y . li Ye ‘by the Indiana Unemplyoment Com- | Lone Star .... 133 3 Stockyards and weights above 160 Congress of pensation Board, must gain rating a 2, So Cal | Edison... 28% pounds were 15 to 25 cents higher large elements |On an eligible list through a com-| Jug FEK cor: 194i) 128% 121% ne’ websted 23% and underweights gained 25 cents. ins petitive merit examination, Martin| = cpemicals— Un Gas fm os 18% legislative pow= Air Reduction. . t Pwr a | : In tae ot | said today. overs. hs ory a8 | | i Cor on Aleatcl 31s = Packi ows were unevenly stron 254 s cry against the | The United States Employment | com Solvents.... 1 a 18% ‘ acking s g | 23, Court the significance—the over- | Service already has announced dates Doar wo 15 ; a C hicago Stocks to 25 cents higher and the bulk |2? fos | when it will conduct merit examina- | Math Alkali ... A 9 : . ranged from $9 to $9.75. Weights cision has been completely lost |tions in Indiana, he said. Mr. Car-| Natl Dis (new). 33 ; (By Atkins, Hamill & Gates) sight of. | penter explained that this probably Schenley Dist ... 49'4 9 49, 1% : The question arose thus. For |will be the last opportunity for resi- Dhlon Carbide: “10° to i 35; 0 35 9. 30 ’ Jouhase E les Is 3 5 $ 30 to $10.40; 0 centuries in English law it has dents of the state to gain merit yA Andu Alechol 3 brought $ ernment and government alone to fix prices or limit production. This does not mean that it is a good thing for government to do body is to do it no one but the sovereign government should be permitted to assume so important a social function, ov any agency decide how Xe 61 y pair shoes shall be : . Westingh Elec ..150 Re ons he American | Lhe examinations is March 22, 1937.| = pinancial— people or how much steel or cotton | Persons interested in getting on the | Adams Exp { merit list should write Prof. Hall Am int, Corp. } y some one. It : ’ omm Creait ... must Wy Joe - orcanization | cation forms and an information Com Cra ii the producers or it |booklet. The booklet will explain must be made by an organization |l¢ requirements as to age, educa- | Armour pr : tion and experience, and it will de-| Borden Pro If it is made by an organization ri beter s as 7 representing the producers the de- which examinations will be given. onres will be made in the interest | _ rositions for which examinations of the producers, which means in [2r¢ to be given are, the director said, manager, $175 to $220 a month; dency will be to create scarcity of . 2 R output in RA to raise prices and |StHior interviewer, $135 to $170, and widen the margin of profit. Such a |Jjunior interviewer, $100 to $130. proposal must, of course, be looked | Written examinations are to be > | given simultaneously in Evansville, The only agency, therefore, to |* : make such a decision is one acting | Albany. and South Bend on the evein the interest of the people—of so- Ring of April 9, and the afternoon ciety itself. And of course the only Tri of April 10,” he de-

Lou t f this Am Radjstor er 26% Nat Pwr & Lit. 11% aspect of this Wl : be | handle additional duties, as specified Sle 45 Libby Owens Gls ne 3 , Std G 1234 of its sovereign ! y 000 with 697 hold- | 3s F. Carpenter, director of the service, Receipts were 5 Allied C Western Union. 75% whelming significance—of this de- Math Alkali... 39% of 160 to 180 pounds sold for $10.25 | | 3s S Indu Alcohol 39'2 been considered a function of govthis. It means merely that if any- = = » 5 \ hi decision Allegheny Corp... . . ill N ¢ < S b Br S82 A 8, then WWS Ox | before that date and ask for appliFoods— fepresenting ihe people. scribe the duties of the positions for i rofits. n= . the interest of profits, The te | assistant manager, $150 to $170; i rable. : EL HpoT 8S intolerable | Ft. Wayne, Gary, Indianapolis, New sncy which can be considered as dency Yth ean i “The examinations are open to

sti ople is the Gov- | Fopresting the people {men and women who are citizens of

ernment. ] ” | the United States and who have reIn our system of government the ; 9 y 20 | sided in Indiana for at least six

power of Government to do that A jc lodged in the Congress. And, of | months immediately preceding I 5 ii 3 22 3 course, under our system, Congress {March 22. The minimum age for has no power to delegate that the interviewer ratings is 21 years, power to anybody else. Is there any | while it is 25 years for manager and American who believes in our sys- | assistant manager,” according to Mr, Carpenter.

U S Rubber 5s Warner Bros 6s Western Union 5s “air Youngstown S & T 4s '61..... Youngstown S & T 3's ’51...

FOREIGN

Argentina A 6s ’57..... Jusyraria 4158 '5 Brazil 8s ’'41 Canadian Govt 4s '60.. Denmark 4'2s '55 German 5%s ’ German Ts 4 Italy Ts ’51 UP TO 14" X 20°

0 7 Cie Be SERVICE Poland 7s '47 .. : 3 FWO NOTAR.=€

Japan 62 s 54 Rome 615s ’52 303-307 Merchants Bank Bldg. LI-6122

1541, TREASURY STATEMENT {By United Press) WASHINGTON, March 12.—Government expenses and receipts for the current fiscal year through March 10, compared with

a year ago: This Year Last Year $5, pat. 065,368.91 $4,886,623,962.97 4,868,877.5 2,473,828,656.69

LOCAL CASH MAREET City grain elevators are paying $1.33 for No. 1 red wheat. Other grades on thelr merits. Cash corn, new No. 3 yellow, $1.03. Oats, 45c. Hay—No. 1 timothy, $13.50@14; No. Recepi 2.473.828 630.6 1 clover, $15@$15.50; No. 1 alfalfa, Delitlh,; : 1oivioeattdt 23idaee-100.28 first cutting, [email protected]; second cut- | Pub. Debt .34,749,483,343.65 30,506,936,397.88

Gold Res...11,484,327.174.05 10.168,352.176.02 ting, $17 50018. 50. | Customs 318,816.323.48 269,347,401.43

TYPEWRITTEN LETTERS AUTOMATICALLY TYPED ADDRESSING A MAILING MULT GRAPHING STENCILS CUT MIMEOGRAPHING RULED FORMS

tem of government who would have this otherwise? Well, in the NRA, the power to make laws affecting prices, production, trade practices was delegated to the President and to private trade associations. = n u S it difficult to see what might happen to us if such a system could be begun and perfected? How far would it go? What would be the end of making private trade associations the arbiters and legislators about our economic life. No man can tell but we do know it is sway from our democratic process. In the NRA decision the Supreme Court held that this delegation by Congress was unconsti=tutional because it was an unlawful adbication by Congress of the sovereign powers lodged in it by the people. The Court was unanimous on this. Justice Cardoza said it was a riot of illegality. Had there been six more or sixty more judges on the Court this decision must have been the same. Does anyone want it to be different? Now the President wants to revive the NRA. What kind of NRA does he wish to revive? If he can put six new judges on the Court to affect its decisions, what plan of NRA will he bring forward to get around in some way this important principle of American Government? Ought we not know? If his plan is to propose another version of the NRA, will this justify the haste which is said to be necessary as a reason for so extraordinary an emergency stratagem as packing the Court? I ask this question because 1I have been going over all our potential reform measures to learn Jiiich, She is so pressing that we must have the quick way to reform rather than the sound and lasting | full-reathered and ut, So 0 Jones, young way. | 14c; old toms, 8c; old hens, 9¢: No. 2, 8c.

yi - a | But — (Copyright, 1937 37. NEA Service, Inc.) 35@36e, Butterfat Ne rv aN Ne

Expenses . Recepits

CLIMB 4.8 PER CENT

{ Times Speci an ‘112 a 112 21; —_—

Miscellaneous—

Chalmers. Bn Yokohama 6s 61.

a 111 ; HOGS : ~ | Am Mach & Pdy Si 2 3 Bulk i

EE LH "| NEW YORK LIFE INSURANCE COMPANY

| of 48 per cent in the movement of Pa atl 32 ) 3 : ‘ 35 “10 A MUTUAL COMPANY FOUNDED IN 1845 INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK

commercial and industrial failures |coni Ca 10.50 | in this country was reported for the Caterpiliar Tract 8 10.5% | week ending March 4, by Dun & |SoNR SOK -- 10.20 | Bradstreet, Inc. | Deere & Co 10.45 The total, according to the report, | | Gillette neler. choice. .$ 4 25@ 10.35 was 174, against 166 in the five days | Ghdden Medium [email protected] The management of a life insurance company is one of the great assets which never appears in its balance sheet. The New York Lifg Insurance Company is actively managed by its Board of Directors who represent the 2,000,000 policyholders of this mutual company. Every Director serves on at least one of five general

a : Lizhtweights— preceding, and 201 a year ago. | Narr Mis: 27s (160-180) Good and [email protected] Failures with liabilities of $5000 A.1e10.13 ALFRED L. AIKEN THOMAS A, BUCKNER President Chairman of the Board

en &. : oi | (180-200) Good and ct 10.15@ 10.45 T ” 3 { - x . a . and over aggregated 105, while in HiefvoL £ M . [email protected] | the five-day weex before they were JAMES ROWLAND ANGELL ~~ NICHOLAS MURRAY BUTLER President, Yale University President, Columbia University

edium Motors— Medium Weights— [email protected] 87, and a year ago 121, the state- Auburn 10. 1510.40 ment said. New Haven, Conn. NATHANIEL F. AYER CHARLES A. CANNON President, non Mills Co.

(200-220) Good and Chrysler choice... [email protected] THREE-MONTH NET Treasurer, Cabot Mfg. Co. (Textiles) Kannapolis, N.

1220-250) Good and Gen Motors choice.. [email protected] PROFIT IS $268,331 ARTHUR A. BALLANTINE GEORGE B. CORTELYOU

| Heavyweights— Graham Mot ... 1250-290) Good Hudson . Times Special CHICAGO, March 12—For the Lawyer, Root, Clark, Buckner & Ballantine Former Secretary of the Treasury of the United States

1290-350) Good Packing Sows— 5 three months ending Jan, 31, 1937, net profit of $268,331 after all CORNELIUS N. BLISS Member of the Board, WILLIAM H. DANFORTH Chairman of the Board,

1275-350) Good charges, was reported by the CeloBliss, Fabyan & Co. Ralston-Purina

1350-425) Good (425-550) Good | tex Corp. The corporation announced this HENRY BRUERE President, Bowery Savings Bank St. Louis, Mo. ROBERT E. DOWLING

(275-550) Medium | is equivalent to 86 cents a share - MORTIMER N. BUCKNER President, City Investing Co.

9 0 10° 0 9.804:10.15 9.956 10.40 ght Lights— 1140-160) Good and

choice. .

choice. .

Committees which meet regularly to supervise the Company's operations. The Directors devote their experience, their judgment, and the necessary time to this work in the interest of the millions of people protected by this cooperative, non-profit institution. The following men constitute this Board of Directors:

JAMES G. HARBORD GERRISH H. MILLIKEN

Chairman of the Board, President Radio Corporation of America Deering, Milliken ® Co.

CHARLES D. HILLES EDWARD L. RYERSON, Jr. Resident Man nager, New York State, Vice-Chairman,

Employers’ Liability Assurance Corp. Inland Steel Company

Chicago, IIL HALE HOLDEN ALFRED E. SMITH Chairman of Bouthern Pacific Co.

President, Empire State, Ine. HERBERT HOOVER Former President of the United States J. 4 BARSTOW. SMULL Palo Alto, California & J. H. Winchester & Co,

PERCY H. JOHNSTON PERCY S. STRAUS, Cara Barth V Tris Co. R. H. Macy & Co., Ine,

WILLARD Vv. KING RIDLEY WATTS

Director, Retired Chemical Bank ® Trust Coy,

choice. . choice. .

and

—Receipts, 400— Choice . Good Medium Common Choice Good Medium Common Choice Good

(500-900)

Budd Wheel . { Eaton Mfg ....., Elec Auto Lite . Greyhound New. Houdaille

(900-1100)

(1100-1300)

r 1 Timken Det Axie

{ M Timken Roll . | (1300-1500) 3

| cents a share for the corresponding | length of time last year.

Produce Markets

{ (The prices quoted are paid for stock | gathered in the country, while for deliv- | eries in Indianapolis the prices are 1 cent ! higher. Each I case of eggs must weigh | 55 pounds gross Eggs—No, 1 Stiictly fresh, loss off, 19¢ dozen. | . Heavy breed hens, 5 Ibs. and over, 16c. { Leghorn breed hens, heavy, 12c. Heav | breed JSPrjngers 11% ibs, over, soft meated, 13c. Leghorn breed springers, 8c. Heavy | breed stags, 8c; Leghorn breed stags, 6c; | heavy breed cocks, 8c. Ducks, full-feath- | ered and fat, 5 Ibs. and up, 6c.

(500-30) ? G

Common, medium. @#50-900) Good and choice. . Common, medium.

Houston (new). . 6.00@ 8.75

Studebaker Slaughter Pigs— on 268,685 shares of common stock Mid Cont Pet Ohio So! x Chairman of the Board,

White Mtrs ..... 31 3 (100-140) Good and choice. . A Medium outstanding, in comparison with 5 New York Trust Co.

Common and medium Low cutter and cutter Bulls, good Cutter, com.

Pet Phillipe Pet

Ply mouth ba - : Pure Oil

A BRIEF DIGEST OF THE 92d ANNUAL STATEMENT DECEMBER 31, 1936

Per Cent of each item to

ASSETS Total Anseta

Cash onfHand, or in Bank. ..............s $61,082,294.13| 2.54

United States Government, direct, or fully guaranteed, Bonds. . ... 440,280,359.82

State, County and Municipal Bonds. ....,. 228,059,533.25 Railroad Bonds. .............ssssve verry 327,501,466.21 Public Utility Bonds, .........cssee0se0e0ss \715,994,550.80 Industrial and other Bonds. cissransavetve’ 26,818,027.51 Canadian Bonds. ........... ...c000e00 31} 57,048,825.88 CR 317,330.50 Preferred and Guaranteed Stocks. ... * 84,036,258.00 Real Estate Owned (Including Home]Office). 126,631,821.63

Foreclosed Real Estate Subject to Redemption........

First Mortgages on City Properties......:: 404,236,105.38 First Mortgages OR FAME. .....covosseiis 7,867,995.97 Policy Loans. . ;...c.c.i.oes.. veesss 361,232,688.26 Interest and Rents Due and Accrued.....: 29,154,196.50

Net Amount of Uncollected and Deferred Premiums, . tesa ssssssssscasasssasacsee} 30,338,272.23 1.26

Other Assets. . . eervnmersaanesine JIS 616.060 0% Teese exe TOTAL. ....co0nssee...$2,404,236,413.58 | 100% TOTAL.........connneved Bonds eligible for amortization®are carried at their amortized values determined in accordance with the laws of the State of New

York. All other bonds and all guaranteed and preferred stocks are carried at market values as furnished by the National Association of Insurance Commissioners. Securities amounting to $36,145,051, included above, are deposited as required by law.

Vealers WE Good and choic Medium Cull and medium

500—

Texas Corp ‘a Tidewater Assn. . Un Oil of Cal ..

Rails—

LIABILITIES and RESERVES

alve (250-500) Good Sap choice. .$ Insurance and Annuity Reserve............. $1,957,638,266.00

Common, medium Feeder and Stocker Cattle (500-800) Good and choice .§ Common, medium. (850-1050) Good and choice . Common. medium.

Geese,

oo ouw oD COD

18.31 9.49 13.62 8.98 1.12 2.37 01 3.50 5.27

Presant Value of Future Instalment PayMMBALE, ...ccvavivveersvrssconnorsssaveees

REPORTS NET INCOME Times Special NEW YORK, March 12.—Net in- | come of $6,510,276 was reported by the American Sugar Refining Co. for 1936.

anos

97,225,326.62 100,709,573.83

Heifers— Good and choice Common and medium SHEEP AND LAMBS —Receipts, 1500—

shrreireaes [email protected] [email protected] [email protected] [email protected]

Ewes— (90-175) Good and choice.. 5.50@ 6.50 Common, medium. 4.50@ 5.50 b {Sheep and lamb quotations on clipped asis.

Chicago Grain Futures

(Py James E. Bennett & Co.) 11:00 Low A.M,

(By Unianed Press)

CHICAGO, March — Eggs — Market steady; receipts, 18, 216 ‘cases; fresh graded firsts, 23%c; extra firsts, 233%c: dirties, { 2012¢c; current receipts, 21%ec: checks, 19':c; storage packed extras, 24'ac; stor | age packed firsts, 24Vic Butter—Market steady: receipts, T7741 score), 34% @

tubs: extra firsts (90-91% . 33 | 3435c: specials, 35'%2@ 36c: extras (82 | Gt Norohein pHi standards, | Ill gente al .

Fruits and Vegetables |: °c "rs $asis receipts, 25

(Quotations below, subject to change, are ry Market oo ay ducks, l4@

trucks, one car; gee average wholesale spring chickens, 19@21c; broilers, 25@

prices being offered to 20c; buyers by local commission dealers.) 26c; hens, 15@2lc: Leghorn hens, 10@1%¢c; Oe Sve. 12@13 zc; turkeys, 15@2lc} @

Fruits—Pears, Oregon D’Anjou, 31 55; California’ 0 Cheese—Twins 17@17%¢; } 1734¢; Yonghorns, 17% @ 173% Sie, nee

. . Bananas, select , No. i Indigha Dering 0, taymans, 2': ee No. 1 Jonathans, 215 ato ae foi stock) : . ), parks, 2a inches Russet Burbanks, Ros. 2 oh he Hy $3 Lem- | Req MecClures, $2.90613.05: Colorado Bur. 30c, Grapefruit Roxas Sean banks, $2.85: Wisconsin Round Whites, $3.25 Oranges. Calo [email protected]; U. S. Commercials, $2@ 2.10; . Wisconsin Cobblers, $2.55: Michigan Rus-

hy [email protected]. Pineappl grate, $5. Strawberries. Florida, Dp. oa ~ Minhesota py Minnesota poovblers, iss Triumphs

Vegetables — Beans, Florida stringless. hamper, $3.75. Beets, homegrown, bu. $1: S Supplies moderate, demand Texas, 3-doz crate, Broccoli, , market steady: track sales. carlots: OL OTL case, | Reeds Triumphs, $2. [email protected]%; U. 8S.

2 84s grrivals, 81;

01 oman oo 005

OD wow 00 OOO

Dividends Left with the Company at Interest

09 S939 €9

16,054,897.36 11,284,946.96 3,337,471.86 5,856,238.81

Las Other Policy Liabilities. ..........c00' vues

Premiums, Interest and Rents Prepaid.... ho,

Miscellaneous Liabilities. .....c.cvvvenvcenes

of

8,521,041.35 15 Reserve for Taxes. ......cvereesssossvveseson

16.81 33 15.02 1.21

\ Reserve for Dividends payable to Policyholders.............cciiieviiinnniinnanny

nani Special Investment Reserve. ...........oe0ee

fancy.

38,233,060.00 50,000,000.00

Y New Haven N Y Ont & West Nor Pacific .... RR

Prev. DER

Sepplies moder- Cl ose

market weak. Idaho [email protected]. Colorado

Surplus funds reserved for general con-

i. 1 305 181 tingencies.

Ces eae

123,896,632.14 $2,404,236,413.58

Retail Stores— 1.00% 8

Ma 08 Allied_Stores ...- 20% Sept. 99% 99 09 9914 on track, 269. Shipments, Su > Bl ceee 2778 * May ‘43° Ai Bh Ah

43% Kresge S 8 ..... AlY, Kroger Groc . sae 23

) 58 5, 2 en 41! 41, : Macy R H ] 55 ; e ; a 5 Busigraphs VEL Be Bu Loam Lem Leis tee 3 Lella; weve J 3 -vee LOL y 017 M . 4 . J / y Mont Ward a

10s-11s-12s, crate. doz, 85¢; Florida, o $3.75. Cucumbers, ‘hotuse, doz., $1.40. Chives doz., $1. Egg . Florida, doz.. $1.50. Kale. RL EN 5¢. Lettuce, Teabeg, California best. s, $5.50; 5s, $8.25: leaf, hothouse, 15 sket, $1. 25. Pep crate, $4; doz Bg: Joc. pio Ipdiana yellow, a : estern Spanis| arge, 1.90 LA White, $1.65 :

Over 199 million dollars was paid or credited in 1936 to policyholders and beneficiaries. This is a measure of the Company’s service in a single year in providing human comfort and family protection, On December 31, 1936, the Company had 2,722,956 policies in force guaranteeing insurance protection of more than six and a half billion dollars, to be exact, $6,660,968,484. The 451 million dollars of new insurance issued and the 46 million dollars paid to the Company by men and women for annuities in 1936 reflect continued public confidence and participation in the cooperative security offered by the New York Life. As we enter 1937, New York Life continues in its preeminently strong financial position.

943%

YEARLY BUSINESS FAILURES (oUN & BRADSTREET)

1.5434 1.5134

BREWERY IS TO EXPAND

Times Special CINCINNATI, March 12. —More than $250,000 is to be spent on a current program for plant betterments and increased beer production facilities, the Red Top Brewing Co. announced today. we TONS C-0-A-1-! Extra good 4th vein mine run. Avajlable until April 1st. Good for steam or domestic use. Write or phone for

TRY AL 00.

: is OE “NL

Woolworth Rubbers—

Firestone ....... 40, Goodrich ....... ot Goodyear U 8S Rubber..... 8° Stecls—

Am Roll 2 Mills .. 43%

Green Mountains, 100bag $3. 25; gale Russets, $3.90: Michiu 5: _ Colorado McClures. 8s: Florida, Bes Triumphs, ‘35. Rutabagas, Canadian. 50-1b bag, 90c: anadian, waxed and tagged, tatoes, Tennessee, Nancy Halls, hamper. | 1.75; Louisiana, Puerto Ricans. bu. $2.35. dishes, buttons, hothouse, doz.

rton. 45¢. Sage, doz., 45c. Spinach, ens: .. $1. Shallots, doz., be Squash, bard, bu.. $1.58. Turn bu., $1.25 toes, repacked, 10-15 ken $1.25.

THOUSAND FAILURES

A more complete report listing the securities owned by the Company will gladly be sent upon request. THOMAS A. BUCKNER, Chairman of the Board ALFRED L. AIKEN, President 51 MADISON AVENUE, NEW YORK, N. ¥, SAFETY 1S ALWAYS THE FIRST CONSIDERATION .,. NOTHING ELSE 1S SO IMPORTANT

(By United Press) | CHICAGO, March 12.—Apples—Michigan, Mcintosh, $1.25@2. Sweet Potatoes—Louisiana Puerto Ricans, [email protected]. Carrots | Illinois, bu. 85c@$1.10,

THE PARKER CORP GENERAL DISTRIBUTY INCORPORATED INVESTORS

e Rep Iron & Stee] 457% Sharon St .“ . 41% EER h— S. | eel p ! 75@90c. a lias Tay 53 | Th ere were 23 per cent fewer | Youngstwon S-T 97% $T% Caulifiower—California crates, $1.40 | failures in 1936 than in the year Tobaccos—

previous and only 29 per cent of | AR RR .. the total number of failures in A the failure year of 1982, “aetee

1 hii : x

— S——. bee unto

IN INDIANAPOLIS, THE NEW YORK |

Indiana and

oC Ea ai A Be